My partner and I are hoping to purchase a house in Small Heath and have instructed a Small Heath conveyancing practice. Within the last couple of days our conveyancer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Chelsea Building Society have this morning contacted us to advise us that they have now hit a problem as our Small Heath lawyer is not on their approved list of lawyers. What do we do from here?
Where you are buying a property with the assistance of a mortgage it is standard for the purchasers' lawyers to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Small Heath lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
Why do I have to pay up front when it comes to conveyancing in Small Heath?
If you are buying a property in Small Heath your solicitor will request that you put them with funds to cover the search fees. Generally this is needed to cover the fees of the conveyancing searches. If any deposit is payable against the total price then this should be needed shortly in advance of exchange of contracts. Any further balance that is needed will be payable a couple of days ahead of the day of completion.
We hope to to buy with Darlington Building Society. We have called around locally but am unable to find a Small Heath conveyancing firm on the Darlington Building Society approved list. Can you assist?
You should make use of the find a lender approved solicitor tool on this site. Please choose the mortgage company and type Small Heath or your preferred area and you will see numerous conveyancers based in Small Heath or near you.
How do I identify a Small Heath law firm on the Barclays Direct conveyancing panel? I have a car and am prepared to travel upto 10kilometers to meet the lawyer.
You can use the search on this page. Please select a mortgage company and your location and you will see a number of Small Heath conveyancing lawyers locally. We have listed some Small Heath conveyancing firms towards the end of this page and you can telephone them to verify if they are on the Barclays Direct panel
What tools are available to search for a Small Heath conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 15miles to attend the conveyancer.
Feel free to make use of the find a conveyancing panel tool on this page. Please choose the lender and your location, in this case Small Heath and you will see a number of lawyer located nearest Small Heath. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.